In some industries the advertised price is routinely discounted for sales to target market segments such as trade buyers. For example, individual customers may pay the gross price for paint, but intermediaries like commercial painters would pay the gross price less a discount of 40%. This allows the commercial painter to ‘mark up’ the price they pay for the paint to make a margin on the paint cost to them.
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Discover the world’s largest Glossary of Procurement terms
With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.
